Shocking reversal? Biden is really going to pardon the founder of FTX? Musk's words have blown up the cryptocurrency world!

Will Biden really pardon SBF?

The FTX incident has caused a strong shock in the global crypto market, with billions of dollars of user assets evaporated and thousands of investors losing all their money. However, the rumor that "Biden may pardon SBF" has made people think of the "subtle relationship" between SBF and certain politicians. It is rumored that SBF was one of the main donors during Biden's campaign, and his donation amount even reached tens of millions of dollars.

Pardoning SBF will undoubtedly put huge public pressure on the Biden administration, especially after the midterm elections, when the American public is extremely sensitive to the relationship between financial crimes and the powerful. The legal process has not yet ended

SBF is currently facing multiple federal charges, including fraud, money laundering, etc. The case is still under trial, and the pardon remarks are more like speculation.

Just as the rumors were fermenting, Musk sent a meaningful tweet: "Sometimes, the truth is more outrageous than you think." Although he did not directly mention SBF or FTX, this tweet instantly triggered frenzied speculation in the cryptocurrency world.

Some people believe that Musk hinted that there may be a bigger conspiracy behind the FTX incident, and even involved collusion between government and business. Other investors believe that Musk may be hinting that mainstream currencies such as Bitcoin are about to usher in new fluctuations.

After the tweet was released, the prices of Bitcoin and Ethereum fluctuated briefly, while the trading volume of FTX-related assets (such as FTT) rose sharply. Although mainstream currencies quickly returned to stability, the emotions of speculators have been thoroughly ignited.

If the Biden administration really adopts a special policy for SBF, it may trigger strong global doubts about US financial supervision, and will also affect the trust foundation of the crypto market.

Musk has always been known for his outspokenness, and his subsequent remarks may provide more clues to the market, especially in the field of Tesla and cryptocurrency.

Although the rumors have not been confirmed, speculative trading behavior in the market has already appeared, and there may be a wave of fluctuations in the short term.

Investor response strategy

Rumors are often a tool for market manipulation. Investors should take official news as the standard and avoid blindly following the trend.